One can only hope karma eventually catches up with this creep...

[sincitymix]

wow the agent holding his right arm is cute handcuff me please!

[Vato Loco]

"Turing raised the price on Daraprim, a 62-year-old drug whose patent expired decades ago, from $13.50 to $750 per pill. The drug is the only approved treatment for a rare parasitic infection..."

 

And this, my peoples, is precisely the reason the pharmaceutical industry is badly in need of regulation....the very thing the Republicans in congress is saying we need LESS of.

[seaboy4hire]

"Turing raised the price on Daraprim, a 62-year-old drug whose patent expired decades ago, from $13.50 to $750 per pill. The drug is the only approved treatment for a rare parasitic infection..."

 

And this, my peoples, is precisely the reason the pharmaceutical industry is badly in need of regulation....the very thing the Republicans in congress is saying we need LESS of.

 

While this guy is beyond scummy used enima water there is another pharma that is selling the drug for a buck a pill now.

 

Hugs,

Greg

[+ MasssageGuy]

The U.S. Pays a Lot More for Top Drugs Than Other Countries

 

http://www.bloomberg.com/graphics/2015-drug-prices/

 

In the U.S., drug companies set their own prices and raise them over time. One of the biggest U.S. buyers of medicine, Medicare, is prohibited from negotiating prices directly with drug companies. Private insurers and benefit managers strike their own rebate deals with drug companies, and details of these contracts are almost never disclosed.

 

Contributing factors:

 

Big Pharma spends Big Bucks on Lobbying!!!

 

Big Pharma spends Big Bucks in "buying" favor of Doctors..

 

Big Pharma blocks generics and tweaks formulations to extend patents...

 

Crony Capitalism big wheel keeps on turning....

 

Plus we are only one of two industrial nations that allow Big Pharma to advertise....

 

 

http://ecx.images-amazon.com/images/I/41uAVGHw2wL._SX327_BO1,204,203,200_.jpg

[+ dutchmuch]

Speaking of enema water:

 

http://kavehadel.com/blog/wp-content/uploads/2015/10/Political-Cartoon-Free-Market-Enema-for-Shkreli-2015-by-Cartoonist-Kaveh-Adel-240x300.jpg

[bigvalboy]

http://finance.yahoo.com/news/shkreli-resigns-turing-ceo-securities-174905827.html

 

Shkreli resigns as Turing CEO after securities fraud arrest

 

http://l3.yimg.com/bt/api/res/1.2/T9yupKrkRYKSX_.2QcFfxA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9NzQ3O2lsPXBsYW5lO3B5b2ZmPTA7cT03NTt3PTk2MA--/http://globalfinance.zenfs.com/images/US_AHTTP_AP_NEWSBRIEFS/3d33b8cf815cd5388a0f6a70670033a3_original.jpg

[Frequentflier]

Shkreli's problem is he gloated about the price increase, even saying if he were faced with the pricing decision again he would raise the price even higher. His company isn't the only one who has jacked drug prices up dramatically. Difference is the CEO of the other companies weren't arrogant when interviewed and Wall Street/investors rewarded them with higher stock prices.

[mike carey]

"Turing raised the price on Daraprim, a 62-year-old drug whose patent expired decades ago, from $13.50 to $750 per pill. The drug is the only approved treatment for a rare parasitic infection..."

 

And this, my peoples, is precisely the reason the pharmaceutical industry is badly in need of regulation....the very thing the Republicans in congress is saying we need LESS of.

While this guy is beyond scummy used enima water there is another pharma that is selling the drug for a buck a pill now.

If so Greg, it shows what a complete tool Shkreli was to gloat about increasing the price of a drug that was out of patent. He destroyed the ability that the company clearly had to sell it for $13.50. If he had said nothing (and done nothing) noone else would have likely bothered to set up production and eat his lunch.

[+ dutchmuch]

http://www.newyorker.com/wp-content/uploads/2015/12/12-18-15-Jabba-Shkreli-1000.jpg

“You think he’s bad? Wait until you meet Shkreli the Hutt.”

[+ quoththeraven]

Some context about why the rest of us aren't that morally superior to Mr. Shkreli:

 

https://medium.com/the-lighthouse/we-are-all-martin-shkreli-c77ebad1de2a#.gyc4lu9zo

[mike carey]

Some context about why the rest of us aren't that morally superior to Mr. Shkreli:

Yup, a reason for countries like India, South Africa and Brazil (I pick them because they have the technical capabilities to produce the drugs as generics) to decline to particpate in the Western patent merry-go-round for pharmaceuticals.

[+ quoththeraven]

Yup, a reason for countries like India, South Africa and Brazil (I pick them because they have the technical capabilities to produce the drugs as generics) to decline to particpate in the Western patent merry-go-round for pharmaceuticals.

 

Intellectual property protection has its place. But the U.S. and other Western countries have tilted the playing field too far in favor of corporate rather than consumer and humanitarian interests. Defiance of the U.S. patent regime is a rational response by those countries to fill gaps in the market.

 

As someone who was converted to market economics after taking a microeconomics class, I break out in a rash when someone mentions price-fixing, even for the pharmaceutical industry. I have not studied their balance sheets and don't know how to respond to the legitimate claim that they incur substantial research costs without being sure the results will justify the investment. But I'm not opposed to the application of an excess profits tax, though that may have its own downsides.

 

Taking a look at the charts included in that article, I venture to say that what we have here is the intersection of capitalism, racism, and ethnocentrism. That doesn't mean capitalism is horrible. What we need is capitalism with a human face, to borrow a phrase from Gorbachev. It'd be nice to see that reflected in policy more consistently.

[+ dutchmuch]

not

Some context about why the rest of us aren't that morally superior to Mr. Shkreli:

 

I am morally superior to Shkreli. And if I raised the price of a life saving drug by 5000%, I would not run around with the Shkreli Smirk.

http://http//thereelnetwork.net/wp-content/uploads/2015/12/HIVSmirk-620x264.jpg%5Bimg%5D

Edited December 20, 2015 by dutchmuch

[+ dutchmuch]

http://finance.yahoo.com/news/shkreli-resigns-turing-ceo-securities-174905827.html

 

Shkreli resigns as Turing CEO after securities fraud arrest

 

http://l3.yimg.com/bt/api/res/1.2/T9yupKrkRYKSX_.2QcFfxA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9NzQ3O2lsPXBsYW5lO3B5b2ZmPTA7cT03NTt3PTk2MA--/http://globalfinance.zenfs.com/images/US_AHTTP_AP_NEWSBRIEFS/3d33b8cf815cd5388a0f6a70670033a3_original.jpg

 

How 'bout resigning from the human race?

[+ quoththeraven]

not

 

I am morally superior to Shkreli. And if I raised the price of a life saving drug by 5000%, I would not run around with the Shkreli Smirk.

http://http//thereelnetwork.net/wp-content/uploads/2015/12/HIVSmirk-620x264.jpg%5Bimg%5D

 

Did you read the article? How about addressing the points it raises?

 

Sorry, we are all complicit, to one extent or another. It's easy to point fingers at someone else. It's not as easy to do anything that might actually make a difference.

 

Shkreli is more up front about his complicity and less repentant than most. But at least he's honest about not caring about anything but himself and the almighty dollar.

[gallahadesquire]

Did you read the article? How about addressing the points it raises?

 

Sorry, we are all complicit, to one extent or another. It's easy to point fingers at someone else. It's not as easy to do anything that might actually make a difference.

 

Shkreli is more up front about his complicity and less repentant than most. But at least he's honest about not caring about anything but himself and the almighty dollar.

 

Then let's lock him up with a room full of his ill-gotten gains and let him survive on that. [i personally think shackles on one ankle to a chain and a pole in the desert would be more appropriate, so as to deprive him of food, water, AND shelter, but that seems a bit too cruel.]

[+ dutchmuch]

He was degreased and deloused for Congress today, but:

 

http://assets.nydailynews.com/polopoly_fs/1.2520064.1454601460!/img/httpImage/image.jpg_gen/derivatives/article_635/548548808.jpg

[+ glutes]

'Pharma Bro' looks like a perfect fit to be working in Uber Headquarters. I'll bet you they are already trying to recruit him.

[+ glutes]

After protests turned violent at UC Davis Friday night, the UC Davis College Republicans Club canceled an event featuring Breitbart commentator Milo Yiannopoulos and shamed pharmaceutical entrepreneur Martin Shkreli.

 

The event was set to begin at 7 pm in a UC Davis auditorium; however, protestors arrived around 6 pm and proceeded to barricade the doors.

[+ purplekow]

I have no difficulty with Shkreli being stopped from speaking. To my mind, there is nothing redeeming about his handling of drug pricing and I would afford him no courtesy. .

As to the Breitbart commentator, Milo Yiannopoulos, I believe he should have been allowed to speak and then questioned firmly about his organization. This is still a free country and differences of opinion should be given the opportunity to be heard and then thoroughly questioned. I am sure he came to speak with the expectation that he would be speaking to a mostly hostile audience. Stopping him from speaking gave him an easy way out and also gave the protestors an easy way of silencing him when what they should have been able to do is refute him.

[+ José Soplanucas]

I disagree with forcing this cancelation. It is not a show of strength but of weakness.

[+ Funguy]

Speaking about drugs and being ripped off: Mylan Pharma has now met its match:

 

CVS has an equivalent for Epi Pens: $109 for 2 pack (v. >$600 now for Mylan). Not only that, but with coupons for $100, it is only $9.00 to the consumer. So far it is CVS only, tho.

[+ glutes]

For Dutchmuch!

 

 

http://ww1.hdnux.com/photos/43/55/22/9360544/5/1024x1024.jpg

[+ glutes]

Folks, this is gonna be fun!

 

Forget about “12 Angry Men” — prosecutors and defense lawyers went through 134 potential jurors Monday and couldn’t find one to sit and judge notorious drug price gouger Martin Shkreli, with many disdainfully calling him a “snake,” “evil” and even a “d–k.”

http://nypost.com/2017/06/26/prospective-jurors-keep-calling-pharma-bro-bad-names/

[+ glutes]

Incarceration and forfeiture, damn, I hope Trump sees this story.

 

 

Martin Shkreli must turn over almost $7.4 million to the U.S., a judge ruled in a win for prosecutors who say the hedge-fund manager turned pharmaceutical executive cheated his investors.

The jailed convict is scheduled to be sentenced March 9 for lying to investors in his hedge funds about his track record and performance as well as a fraud that involved Retrophin Inc., a company he founded.